PNC Financial Services Group Inc. Has $407,000 Holdings in Vector Group Ltd. (NYSE:VGR)

PNC Financial Services Group Inc. lifted its stake in shares of Vector Group Ltd. (NYSE:VGR) by 6.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 36,093 shares of the company’s stock after acquiring an additional 2,297 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Vector Group were worth $407,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Optimist Retirement Group LLC acquired a new position in Vector Group during the fourth quarter valued at approximately $949,000. Deutsche Bank AG grew its stake in Vector Group by 95.7% in the 3rd quarter. Deutsche Bank AG now owns 534,358 shares of the company’s stock valued at $5,686,000 after buying an additional 261,358 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its holdings in Vector Group by 14.0% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 822,119 shares of the company’s stock worth $8,747,000 after acquiring an additional 101,171 shares during the period. Invesco Ltd. lifted its position in Vector Group by 24.2% during the 3rd quarter. Invesco Ltd. now owns 1,249,177 shares of the company’s stock worth $13,291,000 after acquiring an additional 243,214 shares during the last quarter. Finally, Ritholtz Wealth Management boosted its holdings in Vector Group by 57.7% during the fourth quarter. Ritholtz Wealth Management now owns 57,953 shares of the company’s stock valued at $654,000 after acquiring an additional 21,195 shares during the period. Institutional investors and hedge funds own 64.09% of the company’s stock.

Vector Group Trading Up 1.2 %

Shares of VGR stock opened at $10.57 on Friday. The firm has a market capitalization of $1.66 billion, a P/E ratio of 9.11 and a beta of 1.06. Vector Group Ltd. has a 1 year low of $9.27 and a 1 year high of $13.43. The firm’s fifty day simple moving average is $10.72 and its 200 day simple moving average is $10.80.

Vector Group (NYSE:VGR) last posted its quarterly earnings data on Wednesday, May 1st. The company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.01). Vector Group had a negative return on equity of 25.89% and a net margin of 12.98%. The company had revenue of $324.57 million for the quarter, compared to the consensus estimate of $333.30 million. During the same quarter in the previous year, the firm posted $0.22 EPS. Equities research analysts anticipate that Vector Group Ltd. will post 1.16 EPS for the current fiscal year.

Vector Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Wednesday, June 5th were given a $0.20 dividend. The ex-dividend date of this dividend was Wednesday, June 5th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 7.57%. Vector Group’s dividend payout ratio is currently 68.97%.

Analyst Ratings Changes

Separately, StockNews.com upgraded Vector Group from a “buy” rating to a “strong-buy” rating in a research note on Thursday, June 6th.

Vector Group Profile

Vector Group Ltd., through its subsidiaries, engages in the manufacture and sale of cigarettes in the United States. It operates in two segments, Tobacco and Real Estate. The company produces cigarettes under the Montego, EAGLE 20's, Pyramid, Grand Prix, Liggett Select, Eve, and USA brand names, as well as various partner and private label brands.